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2018
Exports $429kWorld Rnk 67 / 135
Flag Rnk 685 / 1127
2018
Destination $143k Japan
2021 - 2022
FASTEST GROWING MARKET $143kVietnam
2022
PRODUCT COMPLEXITY IN Asphalt-0.09Rnk 576 / 1025
2018
Imports $15.1MWorld Rnk 35 / 213
Flag Rnk 640 / 1201
2018
Origin $4.61M United Arab Emirates
2021 - 2022
FASTEST GROWING ORIGIN $4.61MUnited Arab Emirates
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2018, Philippines exported $429k in Asphalt, making it the 67th largest exporter of Asphalt in the world. At the same year, Asphalt was the 685th most exported product in Philippines. The main destination of Asphalt exports from Philippines are: Japan ($256k), Vietnam ($143k), Indonesia ($28.2k), Afghanistan ($1.11k), and South Korea ($5).

The fastest growing export markets for Asphalt of Philippines between 2021 and 2022 were Vietnam ($143k), Indonesia ($28.2k), and South Korea ($5).

Imports In 2022, Philippines imported $15.1M in Asphalt, becoming the 35th largest importer of Asphalt in the world. At the same year, Asphalt was the 640th most imported product in Philippines. Philippines imports Asphalt primarily from: United Arab Emirates ($5.55M), Malaysia ($2.51M), Italy ($1.51M), Egypt ($1.46M), and China ($1.29M).

The fastest growing import markets in Asphalt for Philippines between 2021 and 2022 were United Arab Emirates ($4.61M), Malaysia ($983k), and Egypt ($364k).

Latest Trends

September 2023

About

Overview In September 2023 Philippines' Asphalt exports accounted up to $1.52k and imports accounted up to $1.56M, resulting in a negative trade balance of $1.55M. Between May 2022 and September 2023 the exports of Philippines'   Asphalt have decreased by $-9.76k (-86.6%) from $11.3k to $1.52k, while imports decreased by $-468k (-23.1%) from $2.02M to $1.56M.

Destinations In September 2023, Asphalt were exported mostly to , and were imported mostly from United Arab Emirates ($891k), China ($216k), Italy ($156k), Egypt ($60k), and South Korea ($59.2k).

Growth In September 2023, the decrease in Asphalt's year-by-year exports was explained primarily by a decrease in exports to Japan ($-14.6k or -94.6%). In July 2024, the decrease in Asphalt's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-14.7k or -16.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2022 - September 2023)$-9.76k(-86.6%)
IMPORT GROWTH (July 2023 - July 2024)$-468k(-23.1%)
MAIN DESTINATION (September 2023)

This section shows Asphalt's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Asphalt over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$429k
IMPORTS (2022)$15.1M
NET TRADE (2022)-$14.7M

In 2022, Philippines exported $429k in Asphalt. The main destinations of Philippines exports on Asphalt were Japan ($256k), Vietnam ($143k), Indonesia ($28.2k), Afghanistan ($1.11k), and South Korea ($5).

In 2022, Philippines imported $15.1M in Asphalt, mainly from United Arab Emirates ($5.55M), Malaysia ($2.51M), Italy ($1.51M), Egypt ($1.46M), and China ($1.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Asphalt EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
Vietnam$143k (1%)
Indonesia$28.2k (1%)
South Korea$5 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Asphalt BY Philippines WERE (2021 - 2022):
Japan-$386k (-60.1%)
Afghanistan-$1k (-47.4%)
Switzerland-$61 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Asphalt were:
United States $405M
Canada $373M
Italy $301M
In 2022, Philippines's main importing competitors in Asphalt were:
United States $422M
Canada $343M
Netherlands $125M

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Trade Value of Asphalt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndonesia+ $11.5k
TOP IMPORT POTENTIALUnited States+ $442k

Asphalt’s highest export potential is Indonesia. With an export gap of $11.5k.   Asphalt’s highest import potential is United States with an import gap of $442k.

See methodology.

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